Name: John and Nancy Gobee
Age: 63 and 61
Hometown: Paxinos, Pa.
Two years ago, John Gobee, a director of manufacturing, and his wife Nancy, who worked in corporate relocation, were laid off -- three years earlier than their planned retirement date. Short of their savings target, their solution was to move.
They sold their home in Washington, D.C., paid off their mortgage and car loans, and had enough left to buy a home in central Pennsylvania with cash.
To be sure, in many parts of the country selling your home may not be easy nowadays. But if you have owned a decade or longer and are willing to price your home aggressively, you are likely to come out ahead.
The payoff for the Gobees: peace of mind. "We love where we live," says John. "Life is carefree without any debt and a mortgage-free home. We walk around with silly grins on our faces all day."
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